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Old 11-16-2016, 08:42 PM
 
363 posts, read 557,455 times
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Quote:
Originally Posted by Csonka View Post
Prices crashed in 2008-2009
Were you living here?

All the houses in my Hollywood Heights neighborhood were 1million+ and they shot up to 2 million
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Old 11-16-2016, 08:51 PM
 
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Quote:
Originally Posted by Astoriahoney View Post
Were you living here?

All the houses in my Hollywood Heights neighborhood were 1million+ and they shot up to 2 million
That's what I mean. Prices went up in a big way from early 2000s thru the recession then crashed and then went back up again. The crash was substantial.
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Old 11-16-2016, 08:54 PM
 
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Quote:
Originally Posted by Csonka View Post
That's what I mean. Prices went up in a big way from early 2000s thru the recession then crashed and then went back up again. The crash was substantial.
Crash had zero affect, the prices stayed at 1million and never crashed. Now it's worth even more.
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Old 11-16-2016, 08:57 PM
 
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Quote:
Originally Posted by Astoriahoney View Post
Crash had zero affect, the prices stayed at 1million and never crashed. Now it's worth even more.
Ok

I am in real estate biz and just went to look at some old files. I know for a fact that prices plummeted even in high income areas, but just to provide some factual background for my 91602 zip code which is a pretty affluent area (Toluca lake + surroundings). I agree that the recession had an outsized impact on working class and middle income areas, but it affcected everyone.

My files do not go back to 2008. The below is from dataquick and corelogic who provide their monthly data to the la times, so this is what you see in the paper.

Sept 09 median $700,000

Jan 2012 $857,000

Oct 2014 $995,000

Sept 16 $1,073,000

Last edited by Csonka; 11-16-2016 at 09:07 PM..
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Old 11-16-2016, 09:14 PM
 
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LOL. Toluca Lake is not Hollywood Heights.

False equivalency.
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Old 11-16-2016, 09:33 PM
 
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Quote:
Originally Posted by Astoriahoney View Post
LOL. Toluca Lake is not Hollywood Heights.

False equivalency.
corelogic sept 2016 median for 90068 zip is $1,375,000 an increase of 27.3% from year prior

Aug 2015 $1,260,000 an increase of 20.0% from year prior of $1,050,000. So between August 2014 and sept 2016 prices in your glorious Hollywood heights went from $1,050,000 to $1,375,000. That is just a two year span.

Then we have the below where prices peaked in 2007 at $1.14 mil then kept going down through 2012 to a bottom of $829,000 (27% decline) and then continued to climb through the present to $1.308 million.

90068 Home Prices & Home Values | Zillow
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Old 11-16-2016, 09:51 PM
 
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Houses on Glencoe, Camrose, Yeager have never dropped.
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Old 11-16-2016, 09:56 PM
 
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Also nice try, that isn't Hollywood Heights.

Know your areas.

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Old 11-16-2016, 09:56 PM
 
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Quote:
Originally Posted by Astoriahoney View Post
Houses on Glencoe, Camrose, Yeager have never dropped.
i will look into it.
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Old 11-16-2016, 10:15 PM
 
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Quote:
Originally Posted by Astoriahoney View Post

Also nice try, that isn't Hollywood Heights.

Know your areas.
What is your zip code then? And I will pull data for it.

Btw glencoe is in 90068.
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